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BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated about 4 years ago,

User Stats

163
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105
Votes
David Chappell
  • Austin, TX
105
Votes |
163
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Using an appraisal from another recent loan for the new loan?

David Chappell
  • Austin, TX
Posted

I recently (2 months ago) financed one of my BRRRR properties with a 15yr HE Loan through Regions and got a good appraisal that time around. I have an application in for a 30 yr rate/term refi, what are some tips to try to get the lender to use my previous appraisal? I dont want to risk the chance of another appraiser coming in lower and having my $$ stuck in the deal. Has anyone done this before?

Thanks!

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